KeyCorp Has Pessimistic Outlook of SM Energy Q1 Earnings

SM Energy (NYSE:SM - Free Report) - Equities research analysts at KeyCorp reduced their Q1 2025 earnings per share estimates for SM Energy in a report issued on Sunday, April 20th. KeyCorp analyst T. Rezvan now expects that the energy company will post earnings per share of $1.70 for the quarter, down from their previous estimate of $2.23. KeyCorp currently has a "Overweight" rating and a $36.00 target price on the stock. The consensus estimate for SM Energy's current full-year earnings is $8.10 per share. KeyCorp also issued estimates for SM Energy's Q2 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.44 EPS, Q4 2025 earnings at $1.50 EPS, FY2025 earnings at $6.00 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.46 EPS, Q4 2026 earnings at $1.65 EPS and FY2026 earnings at $6.10 EPS.

SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.09). The firm had revenue of $852.22 million for the quarter, compared to analysts' expectations of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%.

A number of other analysts also recently issued reports on SM. Truist Financial raised their target price on SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Raymond James reduced their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 10th. Susquehanna dropped their price target on shares of SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price target on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.00.

SM Energy Price Performance

Shares of SM stock traded up $0.12 on Wednesday, reaching $23.60. 349,633 shares of the company were exchanged, compared to its average volume of 1,883,573. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 3.53 and a beta of 3.75. SM Energy has a 1 year low of $19.67 and a 1 year high of $51.94. The business has a 50-day moving average price of $27.72 and a 200 day moving average price of $36.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55.

Institutional Investors Weigh In On SM Energy

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings in shares of SM Energy by 200.8% in the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company's stock valued at $34,000 after purchasing an additional 747 shares in the last quarter. Byrne Asset Management LLC increased its stake in SM Energy by 172.8% in the 1st quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company's stock valued at $44,000 after buying an additional 933 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in SM Energy by 80.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company's stock worth $46,000 after buying an additional 679 shares in the last quarter. R Squared Ltd bought a new position in shares of SM Energy in the 4th quarter valued at about $61,000. Finally, Global Retirement Partners LLC increased its position in shares of SM Energy by 51.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock valued at $84,000 after acquiring an additional 736 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of SM Energy stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now directly owns 14,666 shares of the company's stock, valued at $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company's stock.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.80 annualized dividend and a yield of 3.39%. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.